Alaska Air Group (ALK) Downgraded by ValuEngine to “Hold”

Alaska Air Group (NYSE:ALK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other research analysts also recently issued research reports about the stock. Buckingham Research dropped their price objective on shares of Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a report on Monday, September 24th. TheStreet raised shares of Alaska Air Group from a “c+” rating to a “b-” rating in a report on Monday, November 26th. Morgan Stanley set a $72.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, October 5th. Deutsche Bank increased their price objective on shares of Alaska Air Group from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Finally, Wolfe Research downgraded shares of Alaska Air Group from an “outperform” rating to a “hold” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Alaska Air Group presently has an average rating of “Buy” and a consensus target price of $80.07.

ALK opened at $69.61 on Wednesday. Alaska Air Group has a 52 week low of $57.53 and a 52 week high of $76.06. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 2.32 and a beta of 0.61. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.44.



Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 25th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. On average, sell-side analysts forecast that Alaska Air Group will post 4.32 EPS for the current fiscal year.

In related news, EVP Andrew R. Harrison sold 930 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the completion of the transaction, the executive vice president now owns 21,562 shares of the company’s stock, valued at approximately $1,348,703.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson sold 2,500 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $73.12, for a total transaction of $182,800.00. Following the completion of the transaction, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $2,658,131.36. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in Alaska Air Group by 14.1% in the 3rd quarter. Pacer Advisors Inc. now owns 6,588 shares of the transportation company’s stock worth $454,000 after purchasing an additional 816 shares during the period. Vident Investment Advisory LLC raised its position in Alaska Air Group by 23.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 4,699 shares of the transportation company’s stock worth $284,000 after purchasing an additional 879 shares during the period. BancorpSouth Bank raised its position in Alaska Air Group by 12.5% in the 2nd quarter. BancorpSouth Bank now owns 7,989 shares of the transportation company’s stock worth $482,000 after purchasing an additional 885 shares during the period. Daiwa Securities Group Inc. raised its position in Alaska Air Group by 38.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after purchasing an additional 900 shares during the period. Finally, Mitchell Capital Management Co. raised its position in Alaska Air Group by 14.5% in the 2nd quarter. Mitchell Capital Management Co. now owns 7,214 shares of the transportation company’s stock worth $436,000 after purchasing an additional 916 shares during the period. 93.00% of the stock is owned by hedge funds and other institutional investors.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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